♦ The UN Department of Economic and Social Affairs (UNDESA) released the World Economic Situation and Prospects 2026 report. It predicts that India will grow at 6.6 percent in the 2026-27 financial year and 6.8 percent in the 2027-28 financial year. 

♦ The report said that recent tax reforms and monetary easing will provide additional near-term support. According to the UN’s report, several large developing economies, including India and Indonesia, are expected to continue experiencing solid growth driven by resilient domestic demand or targeted policy measures. 

♦ Global headline inflation is projected to fall to 3.1 per cent in 2026 from 3.4 per cent in 2025. However, high prices continue to erode real incomes, particularly for low-income households, with food, energy and housing costs remaining a major source of pressure and inequality.